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Employment hardly changed between October and December seasonally adjusted (0.0% quarter-on-quarter), but hours worked increased (0.5%). Unemployment and temporary employment rates fell (13.0% and 17.9% QoQ, respectively). In 2022, 617,000 jobs were created (3.1%) and the unemployment rate fell by 1.9pp to 12.9%.

Although the performance of the job market and its composition are unambiguously favorable, the information provided by the labor authorities is insufficient to assess the impact of the labor reform on other variables, such as unemployment and hours worked.

Growth expectations and the macroeconomic environment for 2023 set a less encouraging scenario for job creation in 2023. We expect 527K new jobs to be created by the end of the year, equivalent to a year-on-year growth rate of 2.5%.

In a context of high uncertainty due to the war in Ukraine, the energy shock and higher and more persistent inflation than expected over the last year, forecasts for Spain point to an economic slowdown in 2023, with GDP growth at 1.2%.

The main developments this year are the 8.5% revaluation of pensions in accordance with average monthly inflation from November 2021 to 2022 and the 15% increase in non-contributory pensions.

In November 2022, the national unemployment rate was 9.5% and the urban unemployment rate was 9.1%. With this, the national unemployment rate was 2.0 percentage points below that of the same month in 2021, and the urban unemployment rate was 3.1 percentage points below.

Türkiye has the lowest female labor force participation rate amongst OECD members, where women constituted almost half of the male labor force participation. We compute a Conservatism Index to confirm that regions in Türkiye with higher conservatism have lower FLFPR mainly due to discouraging effect of unpaid care work.

In October, the national unemployment rate was 9.7%. Employment growth showed a slowdown with respect to the growth rate observed in previous months. The commerce, artistic activities and public administration sectors were the most involved in …

Within the framework of the FIFA World Cup in Qatar 2022, it is important to highlight the notable investment in migrant labor made by the Arab country for the construction or remodeling of eight stadiums, along with an infrastructure plan to c…

The public pension system is a basic pillar of the welfare state in Europe. They are viable and sustainable as long as they adapt to the continuous economic, social, and demographic changes that societies experience. The challenge is to find th…

The lack of workers who can meet the demand for employment in Spain is one of the issues that seems to have the most sharp edges. In the short term, the consequences of the increase in unfilled vacancies may be significant for wages, inflation and keeping jobs.

In September 2022, the national and urban unemployment rate were 10.7% and 10.4%, respectively, lower than in September last year, especially in urban areas. Compared to August, the unemployment rate, adjusted for seasonal factors, increased by 0.4 p. p. at the national level and decreased by 0.3 p.p. at the urban level.